# Evolutionary Tree Capital Management, LLC

> Evolutionary Tree Capital Management, LLC is an SEC-registered investment advisory firm in Alexandria, VA, registered since 2020, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated April 24, 2026.

- CRD: 291127
- Filed as: EVOLUTIONARY TREE CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Alexandria, VA
- Filing period: October 2026
- Form ADV filing dated: April 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/291127
- AdvisorCensus page: https://advisorcensus.com/firm/evolutionary-tree-capital-management-llc-alexandria-va-291127

## Quick answers

**How is Evolutionary Tree Capital Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Evolutionary Tree Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Evolutionary Tree Capital Management, LLC located?**
Evolutionary Tree Capital Management, LLC's principal office is in Alexandria, VA, according to its Form ADV.

**Is Evolutionary Tree Capital Management, LLC registered with the SEC or a state?**
Evolutionary Tree Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 291127.

**How much does Evolutionary Tree Capital Management, LLC manage?**
Evolutionary Tree Capital Management, LLC reports $91,691,110 in regulatory assets under management in its Form ADV filing dated April 24, 2026 (100% discretionary).

**How have Evolutionary Tree Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Evolutionary Tree Capital Management, LLC: Regulatory assets under management: $182,156,295 in the October 2021 data and $91,691,110 in the October 2026 data, down 50%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Evolutionary Tree Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (37); individuals (other than high net worth individuals) (10); investment companies (1).

**Which custodians does Evolutionary Tree Capital Management, LLC use?**
Evolutionary Tree Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Evolutionary Tree Capital Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/291127

**What changed in Evolutionary Tree Capital Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $102,354,853 to $91,691,110 (-10%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $91,691,110
- Discretionary: $91,691,110
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 10 | $2,806,880 |
| High net worth individuals | 37 | $60,794,713 |
| Investment companies | 1 | $24,198,981 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $2,927,888 |
| Corporations or other businesses not listed above | Fewer than 5 | $962,648 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2020 (6 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, MA, MD, NJ, NY, TN, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- evolutionarytree.com
- LinkedIn @EVOLUTIONARY-TREE-CAPITAL-MANAGEMENT
- X @ETREECAPITAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $182,156,295 | 5 | September 21, 2021 |
| October 2022 | $142,278,980 | 5 | March 30, 2022 |
| October 2023 | $117,530,269 | 5 | May 1, 2023 |
| October 2024 | $103,478,670 | 5 | August 23, 2024 |
| October 2025 | $102,354,853 | 5 | July 9, 2025 |
| October 2026 | $91,691,110 | 5 | April 24, 2026 |

Regulatory assets under management: $182,156,295 in the October 2021 data and $91,691,110 in the October 2026 data, down 50%.
Total employees: 5 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $102,354,853 to $91,691,110 (-10%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Evolutionary Tree Capital Management, LLC (CRD 291127): Form ADV filing data as of October 2026.